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A guide for finding product-market fit

Lenny's Newsletter

” — Tomer London , co-founder and CPO of Gusto “I’ve spent most of the history of Hex paranoid that we’re not at PMF, or there’s more to do. Art by Natalie Harney. If you’ve come here looking for a step-by-step guide to finding product-market fit, you’re going to be disappointed.

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Is paid social advertising still worth it in 2023?

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Our benchmark report found the average cost per opportunity (CPO) on LinkedIn and Facebook to be $3,162.89 Those numbers can eat into your budget quickly, but accepting that you’re locked into that CPL or CPO forever and writing off paid social as “too expensive” is a mistake. and $4,950.64, respectively. It’s too risky.

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B2B Paid Social Benchmarks: What We Learned From $15M in Spend on Facebook and LinkedIn

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When you hit the sweet spot of the right audience, right social channel, right ad and right offer, there really isn’t a better advertising medium for B2B. Cost per opportunity (CPO): CPO is another measure of efficiency that you can use to start looking at the ROI of your marketing spend. Less is more for LinkedIn ads.

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Stop Struggling, Start Experimenting: How to Think About Your Paid Ad Experiments

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There’s a sweet spot. So what does this data tell me? Even just 100 experiments a month will net you 1.4X Not only are you breaking even on Metadata, you’re also learning what your audience wants more of. Companies running 500-1,000 monthly experiments are experiencing nearly 16X more ROI.

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How to use QR codes to leverage CTV and cross-channel campaigns

Martech

In a one-minute spot that ran during Super Bowl LVI, cryptocurrency app Coinbase included a QR code with a call to action and special offer. “You also want the QR code to be tied to a tracking link so that you can measure how many conversions are actually driven by the code. Get the daily newsletter digital marketers rely on.

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B2B Paid Social Benchmarks: What We Learned From $15M in Spend on Facebook and LinkedIn

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When you hit the sweet spot of the right audience, right social channel, right ad and right offer, there really isn’t a better advertising medium for B2B. Cost per opportunity (CPO): CPO is another measure of efficiency that you can use to start looking at the ROI of your marketing spend. Less is more for LinkedIn ads.

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We’re Breaking Free: Why It’s Time for Demand Gen Marketers to Own Their Data

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That many people reading our 2023 B2B paid social benchmark report were surprised by the high cost per opportunity (CPO) of paid social advertising. You’re spot on, so I’ll preface this section by saying this: Demand generation is a team sport. Does Facebook or LinkedIn drive a better CPO? Let’s take a step back.